21st Century Cardiac Surgical Society Inc
- Assets
- $699.6k
- Revenue
- $74.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 13-3929315
Organization Overview
21st Century Cardiac Surgical Society Inc is located in Portland, OR. The organization was established in 1999. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 21st Century Cardiac Surgical Society Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, 21st Century Cardiac Surgical Society Inc generated $74.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $162.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS "TO NETWORK INNOVATION AND LEADERSHIP IN CARDIOTHORACIC SURGERY" THROUGH FURTHERING EDUCATION AND ENHANCING THE PRACTICE OF CARDIOVASCULAR AND THORACIC SURGERY, PROMOTING THE INTERCHANGE OF BOTH CLINICAL AND RESEARCH IDEAS, PROVIDING THE FRAMEWORK FOR NETWORKING AND SUPPORT, AND TO PROVIDE A PLATFORM FOR FELLOWSHIP AND CAMARADERIE BETWEEN MEMBERS OF THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS OF THE ORGANIZATION INCLUDE A GROUP OF LEADING CARDIOTHORACIC SURGEONS COMMITTED TO THE ADVANCEMENT OF CARDIAC AND THORACIC RESEARCH, TECHNOLOGY, AND NEW CLINICAL APPLICATIONS. MEMBERSHIP HAS GROWN TO INCLUDE TO 65 MEMBERS. THE ORGANIZATION HOLDS THE ANNUAL MEETING OVER PRESIDENTS' WEEKEND IN FEBRUARY AND DINNERS AT PROFESSIONAL MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Soltesz MD Past President | OfficerTrustee | 1.25 | $0 |
Tom Nguyen MD President Elect | OfficerTrustee | 1.25 | $0 |
Sloane Guy MD President Elect | OfficerTrustee | 1.25 | $0 |
Ali Khoynezhad MD Past President | Trustee | 1.25 | $0 |
Juan Pablo Umana MD Treasurer | Trustee | 1.25 | $0 |
Alan Morasch Cae Executive Dir. | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,632 |
| Total Program Service Revenue | $0 |
| Investment income | $571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,203 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $53,333 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,299 |
| Advertising and promotion | $0 |
| Office expenses | $818 |
| Information technology | $1,555 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,563 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $847 |
| All other expenses | $0 |
| Total functional expenses | $162,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,025 |
| Savings and temporary cash investments | $621,380 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $800 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,430 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $699,635 |
| Accounts payable and accrued expenses | $17,160 |
| Grants payable | $0 |
| Deferred revenue | $366,600 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $383,761 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $315,874 |
| Total liabilities and net assets/fund balances | $699,635 |
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|---|---|---|
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Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |